Cost Accounting Course
This Cost Accounting Course is a bundle of 5 courses with 14+ hours of HD video tutorials and Lifetime Access.
This course is designed for students and professionals who want to master cost accounting skills. Topics include Basics of Cost Accounting, Cost Terms and Purpose, Cost Volume Profit Analysis, Types of Costing, Job Costing, Batch Costing, Activity Based Costing, Cost Allocation and Analysis, Profitability Analysis, Decision Making using Marginal Costing, Process Costing, Joint Product and By Product
What you get in this Cost Accounting Course?
Mobile App Access
Cost Accounting Course Details
|Course||Online Cost Accounting Course|
|Deal||This is 5 course bundle. Please note that you get access to all the 5 courses. You do not need to register for each course separately.|
|Hours||14+ Video Hours|
|Core Coverage||Basics of Cost Accounting, Cost Terms and Purpose, Cost Volume Profit Analysis, Types of Costing, Job Costing, Batch Costing, Activity Based Costing, Cost Allocation and Analysis, Profitability Analysis, Decision Making using Marginal Costing, Process Costing, Joint Product and By Product|
|Course Validity||Lifetime Access. You can view the cost accounting course any number of times|
|Eligibility||No eligibility as such.|
|What do you get?||Certificate of Excellence for each of the 5 courses|
|Certification Type||Course Completion Certificates|
|Verifiable Certificates?||Yes, these are verifiable certificates. This means that you will be provided with a unique URL/Link which you can include in your resume/Linkedin profile for online verification.|
|Type of Training||Video Course – Self Paced Learning|
|System Requirement||1 GB RAM or higher|
|Other Requirement||Speaker / Headphone|
Cost Accounting Course Description
This entire online cost accounting course is divided into five sub-courses which can be done separately as well. But to extract the best out of the entire course, it’s better that you follow the sequence and do all five sub-courses.
Cost Accounting: 01 Getting Started
- Getting Started (Basic Cost Accounting): In this sub-course, you will learn a lot. This online cost accounting course is designed for beginners. Students who are just starting out in cost accounting should do this course first.
- Introduction: In the first section of this sub-course, you will learn the fundamentals of cost accounting.
- Cost Terms and Purpose: To understand cost accounting in detail, it’s important that you understand each cost term and the purpose of cost accounting. In this section, you will learn about direct cost and indirect cost accounting. You will also get to know the behavior of the cost and example on the same. The instructor will also take you through cost function and cost estimation. Finally, you will learn about the high low method and the example on the same.
- Cost Volume Profit Analysis: This is the final section of this sub-course. In this section, you will first learn the fundamental of cost volume profit analysis. Then you will go through CVP assumptions and practically understand an example on the same. Then you will learn about the contribution margin ratio of cost, fixed cost and sales volumes, equation method of cost, and contribution margin method of cost. Then the instructor will take you through the margin of safety and its example and many examples of cost accounting.
Cost Accounting: 02 – Types of Costing
- Types of Costing: This is the second sub-course. This online cost accounting course is designed for intermediate students who have already done the first sub-course i.e. the basic cost accounting.
- Introduction of Cost Sheet: In this section, you will learn what a cost sheet is and what the pattern of a cost sheet is all about. Then the instructor will explain the cost of production and the cost of sales. Finally, you will go through an example of a cost sheet.
- Example of a Cost Sheet: This section is totally dedicated to learning the example of a cost sheet. The instructor will take you through each item of the cost sheet. Then you will learn to calculate the profit as well.
- Job Costing: This entire section is dedicated to job costing. You will learn what job costing is, limitations of job costing, numerous examples of job costing, and data pertaining to job costing example.
- Batch Costing: This entire section is devoted to batch costing. The instructor will take you through the fundamentals of batch costing, the binder in batch costing example, and batch costing profitability example.
- Activity-Based Costing: In this section, you will learn the fundamentals of activity-based costing. Then the instructor will take you through an example of activity-based costing. Then you will learn about the total cost using activity-based costing. Finally, you will learn about the cost driver and the volume of the cost driver in activity-based costing.
Cost Accounting: 03 – Cost Allocation and Analysis
- Cost Allocation and Analysis: This is the third sub-course of the cost accounting course. This cost accounting course is designed for intermediate students.
- Introduction: In this section, you will learn about cost allocation.
- Cost Allocation: In this second section, you will learn about the steps for cost allocation. You will also get to understand the indirect cost, the basis of apportionment, and example of the basis of apportionment.
- Allocation of Service Department Cost: In this section, you will learn about the allocation of service department cost, method of re-apportionment cost, and direct re-distribution cost. The instructor will also take you through the example of the step-down method, two departments in the step-down method, and an example of direct and step down method. You will also learn about the reciprocal re-distribution method and an example on the same. Finally, you will learn about the overhead absorption rate, an example of an overhead absorption rate, and customer profitability profile.
- Profitability Analysis: In this last segment, you will learn about profitability analysis in detail.
Cost Accounting: 04 – Decision Making using Marginal Costing
- Decision Making using Marginal Costing: This is the fourth sub-course of this comprehensive course. This is designed for intermediate students.
- Introduction: In this first section, you will learn about the fundamentals of decision making.
- Relevant Cost in Marginal Costing: In this second section, you will learn about the relevant cost in marginal costing and non-relevant cost in marginal costing.
- Example of Relevant Costing: In this section, you will go through a detailed example of relevant costing and you will learn additional tits-bits about relevant costing.
- Cost of Opportunity: This is a very comprehensive section. In this section, you will learn about the concept of opportunity cost with example. You will also learn about cost concept and marginal costing and their respective examples. Then the instructor will take you through the independent situation of marginal costing, cost volume profit (CVP) ratio, contribution margin ratio, break-even analysis, target profit analysis, and also the example of target profit analysis. Finally, you will get to understand about the graph of analysis, decision making using cost costing and CVP Analysis, and example of decision making.
- Types of Cost: In this final segment, you will learn about the impact realization value and route maintenance cost, cost indifference example in decision making, different types of cost indifference, output range and machine preferences in cost indifference, calculating cost indifference & interpreting results, and finally calculating opportunity cost.
Cost Accounting: 05 – Process Costing
- Process Costing: This is the final sub-course of the full comprehensive course. This is designed for intermediate students.
- Introduction: In the first section, you will learn process costing in detail.
- Getting started: In this second section, you will learn about the meaning and the principle of process costing, practical examples of process costing, the difference between process costing and job costing, and lastly process costing accounts.
- Practical Example: In this section, you will learn everything about process accounts and costs. The instructor will take you through the practical example of process accounts, key terms of process costing, normal loss in process account, and example of normal loss in process account. You will also learn about different types of process account, an example of abnormal loss, the concept of equivalent production, valuation of work progress inventory, an example of equivalent products, the average method in work progress inventory, and final an example of the average method.
- Joint Product and By-Product: In this last section, you will learn about joint products and by-products. The instructor will also guide you on physical and average unit cost in the joint product, contribution margin method in the joint product, market value method in the joint product, accounting for by-product, and finally, you will get to understand spoilage and rework.
Industry Growth TrendThe wealth management platform market was valued at USD 1.52 Billion in 2016 and is projected to reach USD 3.20 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period.
[Source - MarketsandMarkets]
[Source - Indeed]
Cost Accounting Certificate of Completion
- Willingness to do this cost accounting course: The first pre-requisite to this training is your willingness and commitment to do this course. Only going through the course will not make you an expert in cost accounting. You need to simultaneously practice on your own while you learn.
- Basic knowledge in accounting terms: It is important that you understand the basic accounting concepts and terminologies. Otherwise, it would be difficult for you to do this cost accounting course.
- Basic knowledge of cost: You don’t need to know everything about costing. A fundamental knowledge will help you understand the concepts well and you would be able to extract the maximum value out of this course.
- Students of finance: This online cost accounting course would be relevant and useful to the students of finance. Students from other branches can do this course, but only they can ensure the usefulness and relevance of this course to their stream of study.
- Accountants, Cost Accountants, Tax Consultants: These working professionals would get tremendous benefits out of this comprehensive course.
- Entrepreneurs: To entrepreneurs, this online cost accounting course would be invaluable since this course will teach them how to make effective decisions, how to reduce costs, and how to increase revenue and profit.
Why should I do this cost accounting course?
This online cost accounting course can’t be missed. It may not be relevant for all streams of students, but this is the most comprehensive and best course on cost accounting in the market.
I’m not in the finance profession. Can I do this cost accounting course?
The answer lies within your question. It’s all about your willingness to do the course. But how useful this cost accounting course would be in your professional life, you need to figure that out.
I have years of experience in cost accounting. Would it be valuable to me?
Who won’t love a refresher course after many years of experience? This is a classic refresher course for those who have been in cost accounting for many, many years.
Here are some of the sample videos of this course. Click on the icons below to view the samples –
Concept of Opportunity Cost Example7.11
Contribution Margin Ratio5.34
Pratical Example of Process Accounts8.21
CVP Model Analysis Assumption9.42
Example of Direct and Step Down Method8.07
- Add tremendous value to your professional life: There is no doubt about it. Do this online cost accounting course and you would know how valuable this course actually is.
- You will be way ahead of your peers: If you do this course, you would be marching along the extra mile. And your peers won’t be able to catch you any time soon.